It seems that we have a strong bullish shark pattern in EURNZD and the last candle show its agreement...
Reaching big support, expecting a correction of the fall.
D1 - We have bearish divergence followed by bearish convergence, a classical setup. Currently pair is under bullish pressure from the bullish divergence and we should see a correction up. H4 - Bears are under a lot of pressure put by bullish divergence. We can start looking for buys once we see a break above 1.54. In this scenario, suitable strategies would be...
Hey traders, On the EURNZD we can see that we are getting closer and closer to the gap that formed a few weeks ago after the weekend. What usually happens is that these gaps turn into a great support area. Combined with the 61.8% Fibonacci retracement on the bigger timeframe, this seems like a nice setup. Cheers!
the market has been trending down for a while on 4 hr time frame....recently has been in a nice descending channel on 1 hr....previous double top (yellow bubble) (notice rsi downward divergence and upward movement on chart inside of yellow bubble) looking for shorting opportunity around 1.514142 (61.8) looking for possible evening star pattern or engulfing...
The pair is forming a termination pattern which could mean a major correction of a downtrend or a complete reversal. The downtrend becomes exhausted and the price is less volatile. Therefore price behaviour is featured by small up and down moves, which finally resolve up. However, it is reasonable to wait for a breakout from the current pattern and a small...
Looking at the EURNZD pair, we can see the pair has now broken through the trend line. Looking at the A.O indicator, we can also see Bullish Divergence . The pair broke above, and closed above the trend line and is now currently retesting the trend line, after bouncing off the 78.6 fib level.
Here is my EURNZD view. I see a beautiful AB=CD pattern that would also complete an 1-2-3-4-5 Eliott Waves Pattern. On smaller timeframe we can also see another AB=CD pattern. Bollinger band is also oversold on mutiple timeframe. It is also a strong supply and demand.
D1 - Price is at the 100% Fibonacci expansion zone. Bearish momentum slowing down and bullish divergence started forming. Also band to band move and half more. H4 - Bullish divergence forming and it is a great zone to start looking for buys. Whereas if the price will complete a potential triple cycle by going lower, the next levels to follow will be 1.5120.
wxy pattern
interested strong support and Ratio to buy position
Hope everyone also get this trade ! Best of Luck :)
EURNZD has formed a very strong bearish engulfing on the weekly time-frame. Bearish Engulfing on the daily time-frame further confirms this entry. Bollinger Band outbreak confirms this trade setup. SL set at body high, TP set at previous lows. This is a long term trade.
EURNZD has been falling sharply since the massive upmove that followed the French Elections. We are looking for long entries for a much higher move.
Hi guys, on EURNZD we're testing a key daily structure area (yellow box-black line) that also coincides with a psychological number (1,54). This is important for me because it tells me we could see a reversal down on a lower timeframe such as the 4H (the chart that you see): in this case, if you zoom in you can see why am i interested in this. There's a long pin...
Hi guys, on EURNZD we're testing a key daily structure area (yellow box-black line) that also coincides with a psychological number (1,54). This is important for me because it tells me we could see a reversal down on a lower timeframe such as the 4H (the chart that you see): in this case, if you zoom in you can see why am i interested in this. There's a long pin...